APG Asset Management N.V. Sells 6,100 Shares of Packaging Corporation of America $PKG

Key Points

• APG Asset Management N.V. reduced its stake in Packaging Corporation of America by 10.1%, trimming its holdings to 54,500 shares worth approximately $9.99 million.
• Institutional investors collectively own about 89.78% of the company's stock, with significant increases in holdings from firms like Bahl & Gaynor Inc. and Allstate Corp in the first quarter.
• Packaging Corporation of America reported earnings per share of $2.48 for the last quarter, exceeding expectations, and declared a quarterly dividend of $1.25 per share, with a payout ratio of 49.90%.

APG Asset Management N.V. trimmed its position in shares of Packaging Corporation of America (NYSE:PKG - Free Report) by 10.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,500 shares of the industrial products company's stock after selling 6,100 shares during the period. APG Asset Management N.V. owned 0.06% of Packaging Corporation of America worth $9,991,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PKG. Clearstead Trust LLC grew its holdings in shares of Packaging Corporation of America by 118.6% during the 1st quarter. Clearstead Trust LLC now owns 129 shares of the industrial products company's stock valued at $26,000 after acquiring an additional 70 shares in the last quarter. TCTC Holdings LLC raised its position in shares of Packaging Corporation of America by 86.4% during the first quarter. TCTC Holdings LLC now owns 151 shares of the industrial products company's stock valued at $30,000 after buying an additional 70 shares during the last quarter. Alpine Bank Wealth Management acquired a new position in shares of Packaging Corporation of America during the first quarter valued at about $39,000. Banque Cantonale Vaudoise acquired a new position in shares of Packaging Corporation of America during the first quarter valued at about $40,000. Finally, Manchester Capital Management LLC raised its position in shares of Packaging Corporation of America by 39.0% during the first quarter. Manchester Capital Management LLC now owns 203 shares of the industrial products company's stock valued at $40,000 after buying an additional 57 shares during the last quarter. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

Packaging Corporation of America Trading Up 0.6%

NYSE PKG traded up $1.39 during trading hours on Friday, hitting $218.04. The company's stock had a trading volume of 937,970 shares, compared to its average volume of 858,107. The stock has a fifty day moving average of $199.90 and a 200 day moving average of $196.30. Packaging Corporation of America has a twelve month low of $172.71 and a twelve month high of $250.82. The firm has a market capitalization of $19.62 billion, a P/E ratio of 21.76, a PEG ratio of 2.48 and a beta of 0.85. The company has a quick ratio of 2.32, a current ratio of 3.54 and a debt-to-equity ratio of 0.54.

Packaging Corporation of America (NYSE:PKG - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The industrial products company reported $2.48 earnings per share for the quarter, topping the consensus estimate of $2.44 by $0.04. The company had revenue of $2.17 billion for the quarter, compared to analyst estimates of $2.18 billion. Packaging Corporation of America had a net margin of 10.47% and a return on equity of 20.08%. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the business posted $2.20 earnings per share. Packaging Corporation of America has set its Q3 2025 guidance at 2.800-2.800 EPS. Equities research analysts forecast that Packaging Corporation of America will post 10.44 earnings per share for the current fiscal year.

Packaging Corporation of America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Monday, September 15th will be issued a $1.25 dividend. The ex-dividend date is Monday, September 15th. This represents a $5.00 annualized dividend and a yield of 2.3%. Packaging Corporation of America's dividend payout ratio (DPR) is 49.90%.

Analyst Ratings Changes

A number of analysts recently weighed in on PKG shares. UBS Group upped their target price on shares of Packaging Corporation of America from $210.00 to $220.00 and gave the company a "neutral" rating in a research note on Tuesday, July 29th. Truist Financial decreased their price objective on shares of Packaging Corporation of America from $239.00 to $238.00 and set a "buy" rating on the stock in a research note on Friday, July 25th. Wells Fargo & Company upped their price objective on shares of Packaging Corporation of America from $180.00 to $200.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. Citigroup increased their price target on shares of Packaging Corporation of America from $197.00 to $214.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Finally, Jefferies Financial Group cut shares of Packaging Corporation of America from a "buy" rating to a "hold" rating and decreased their price target for the company from $245.00 to $205.00 in a research note on Monday, June 16th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Packaging Corporation of America presently has an average rating of "Moderate Buy" and an average price target of $215.40.

About Packaging Corporation of America

Packaging Corporation of America engages in the production of container products. It operates through the following segments: Packaging, Paper, and Corporate and Other. The Packaging segment offers a variety of corrugated packaging products, such as conventional shipping containers. The Paper segment manufactures and sells a range of papers, including communication-based papers, and pressure sensitive papers.